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. >>> general petraeus on capitol hill right now. the first time we've seen him since he resigned over an affair. will he put those questions to rest about benghazi? >>> president obama welcomes congressional leaders to the white house this morning. same people, same ideas on the table. is there a new willingness, though, to compromise? >>> a tragedy in texas. a freight train crashes into a parade float carrying veterans. the question is, what went wrong? >>> former director of the budget office, peter orszag will join us, jeff sessions is with us, actress jada pinkett smith will join us and kelly reilly from the movie "flight." "starting point" begins right now. welcome back, everybody. our team this morning, richard socarides is with us. economics editor at the economist. will cain is a columnist at the blaze.com. john berman is with us, helping us out with news. christine romans is sticking around, helping us out with business. fiscal cliff, 46 days and counting, we'll fall off the fiscal cliff. although some people have talked ab
. >>> general petraeus on capitol hill right now. the first time we've seen him since he resigned over an affair. will he put those questions to rest about benghazi? >>> president obama welcomes congressional leaders to the white house this morning. same people, same ideas on the table. is there a new willingness, though, to compromise? >>> a tragedy in texas. a freight train crashes into a parade float carrying veterans. the question is, what went wrong? >>>...
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. >> all right, ben. in jerusalem this morning. thanks. >>> coming up later, soledad will be speaking to israel's deputy foreign minister. that's in our 7:00 hour. >>> here at home, president obama will have the four top leaders of congress over to the white house today to begin talks on avoiding the fiscal cliff, which could plunge the u.s. economy back into a recession. both side say there is room for compromise, but at the same time, it appears democrats and republicans may have dug in on their long-held positions concerning tax hikes and spending cuts. jill doherty is in our washington bureau. good morning to you. >> good morning. >> jill, both sides have said they are optimistic about a deal here. they're also not budging on some key issues. >> yeah, i mean, there is some room around the edges, but essentially, and this is the the opening gambit, of course. they're both talking about taxes. the president saying -- and revenue. the president saying that he wants more revenue from the wealthiest americans and the republicans and
. >> all right, ben. in jerusalem this morning. thanks. >>> coming up later, soledad will be speaking to israel's deputy foreign minister. that's in our 7:00 hour. >>> here at home, president obama will have the four top leaders of congress over to the white house today to begin talks on avoiding the fiscal cliff, which could plunge the u.s. economy back into a recession. both side say there is room for compromise, but at the same time, it appears democrats and...
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. >> i know, general petraeus is a wrecking crew right now. no one has done this much damage behind closed doors since ron jeremy and the question whether president obama was incompetent or hiding something and now we know, he's incompetent on hiding something. and we know that susan rice on talk shows was a big serving of baloney risotto. >> they protected the president by department the justice saying we didn't think it was important enough or a risk. >> they're covering it up because of the fact there was a the election. they didn't want a scandal break and they got a big ole bottle of liquid paper and, malfeasance. >> dana, grassley, what's next, why the names in those hearings. and this will go on for a while. investigations like this take a little bit of time. and clapper, dni and morelle the acting director say we don't know, we don't know. there's a simple way to find out how the talking points got changed. first reported, as i recall, by steven hayes in the weekly standard several weeks like four weeks after, when the end of september
. >> i know, general petraeus is a wrecking crew right now. no one has done this much damage behind closed doors since ron jeremy and the question whether president obama was incompetent or hiding something and now we know, he's incompetent on hiding something. and we know that susan rice on talk shows was a big serving of baloney risotto. >> they protected the president by department the justice saying we didn't think it was important enough or a risk. >> they're covering it...
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no way, right? >> i don't think so, they will not get anything done right away. more back-and-forth, and we know obama has the leverage and he knows it, but the fact is we need to stay normal valuations. s&p 500 trading a multiple of 12.5%. it is really on the cheap side of history after the market pricing in any kind of failed negotiations. looking at implied volatility across the board says something will get done. liz: does this surprise you? the macro overhead clouds that look so bad and get the cheaper stock market, there are opportunities here. >> there will always be opportunities. there is always opportunities, obviously, but i think covering the shorts, one was a little bit longer. if things look optimistic, it is good. but we have a lot of problems aside from the fiscal cliff, tensions in the middle east which are probably outside the fiscal cliff, that is my biggest concern we have to see how that goes over the weekend. liz: we do have these issues, rockets being launched hitting civilians, the israelis retaliating. you don't it hit by rockets and not
no way, right? >> i don't think so, they will not get anything done right away. more back-and-forth, and we know obama has the leverage and he knows it, but the fact is we need to stay normal valuations. s&p 500 trading a multiple of 12.5%. it is really on the cheap side of history after the market pricing in any kind of failed negotiations. looking at implied volatility across the board says something will get done. liz: does this surprise you? the macro overhead clouds that look so...
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she said president obama told benjamin netanyahu that he understands israel's right to self-defense in light of countless rocket attacks on israeli civilians being launched from gaza. the president urged that prime minister netanyahu make every effort to avoid civilian casualties. do we think this administration has were leverage in making sure that happens? >> i mean, the israelis really feel that they have gone too far. they simply could not hold back from defending themselves because of the hundreds of attacks. trying to stop that, trying to tell israel not to defend itself is really impossible, but that said, the danger of this, of course escalation and all-out war is really very high. that's why this administration is trying to, you know, urge both sides to stop. it's obviously not being very successful. >> you know, tony blair has put a lot of political capital in this trying to come up with a peace agreement for the middle east. he spoke about this recently, what he sees is happening. i want to play a little bit for you. >> the single thing that's most important straight away is
she said president obama told benjamin netanyahu that he understands israel's right to self-defense in light of countless rocket attacks on israeli civilians being launched from gaza. the president urged that prime minister netanyahu make every effort to avoid civilian casualties. do we think this administration has were leverage in making sure that happens? >> i mean, the israelis really feel that they have gone too far. they simply could not hold back from defending themselves because...
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you heard that republican congressman call president obama a liar. is he right? >> no. and that is absolutely outrageous, carol. and i think that is what is leading to this kind of protracted and ugly fight, which is exactly what the american people did not want coming out of this election. they wanted their leaders to work together and on something as important as benghazi, i think that every party leader needs to understand that they should dial it down a notch and really feg out what happened here. we're talking about the deaths of four americans. we're talking about an ten intelligence community that is under fire. that should be important to both parties. and ei agree with ron, we need o figure out what the cia knew, what general petraeus knew. it also goes to susan rice, ambassador rice and what she said, which came directly from the talking points that the intelligence community put together for her. so we all need to step back and really work together to figure out what happened here. >> the strange thing, if general petraeus is to blame when he was cia director
you heard that republican congressman call president obama a liar. is he right? >> no. and that is absolutely outrageous, carol. and i think that is what is leading to this kind of protracted and ugly fight, which is exactly what the american people did not want coming out of this election. they wanted their leaders to work together and on something as important as benghazi, i think that every party leader needs to understand that they should dial it down a notch and really feg out what...
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what you see so much is the right trying to raise the political price for obama in this, when there's really no there there. we saw some of that with john mccain who has been trying to get to the bottom of benghazi. it's been so important for him, and yet, he skipped the classified hearing about this. why did he skip it? because his office said that he had a previously scheduled engagement. what was that? a press conference where he dissing the president and get answers. really? >> let's put mccain in perspective here, because he's the point man on capitol hill and really insinuating that there's something, you know not on the up and up going on here with the white house. john mccain is acting out of sour grapes here. that defines his career. think back a decade, but john mccain was ever democrat's favorite republican. why? he ran against george w. bush and he lost, and he didn't take the loss well. when george w. bush made president, john mccain didn't miss a single opportunity to stick it to the bush administration. hard to believe now john mccain in 2001 voted against the bush tax
what you see so much is the right trying to raise the political price for obama in this, when there's really no there there. we saw some of that with john mccain who has been trying to get to the bottom of benghazi. it's been so important for him, and yet, he skipped the classified hearing about this. why did he skip it? because his office said that he had a previously scheduled engagement. what was that? a press conference where he dissing the president and get answers. really? >> let's...
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we'll be right back. ♪ >>> president obama has seen firsthand the damage from hurricane sandy in the new york city area. the president toured hard hit staten island thursday with mayor bloomburg. many people who met with the president yesterday brought up the fact they feel the government's response wasn't fast enough. >>> it is likely little comfort for the storm victims, but an an analyst says the amount of time they've been doing without power is extraordinary. >> energy department records show it took 13 days for power to be 95% restored in new york. new jersey reached the same level in 11 days. >>> take a look at this, new video coming in, a surveillance camera captured some of the flooding and damage in hoboken, new jersey. more than two weeks after hurricane sandy, the train system is operating under limited service. no word yet on a time line for full restoration. that looks like historic -- >> you saw how high the water was. >> unbelievable. unbelievable video. >>> 8:26 now. it's a friday morning. a former wnba star who played in the district is under arrest. we'll explain.
we'll be right back. ♪ >>> president obama has seen firsthand the damage from hurricane sandy in the new york city area. the president toured hard hit staten island thursday with mayor bloomburg. many people who met with the president yesterday brought up the fact they feel the government's response wasn't fast enough. >>> it is likely little comfort for the storm victims, but an an analyst says the amount of time they've been doing without power is extraordinary. >>...
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we're going to tell you what president obama is doing about it right now. plus, a look at the likely consequences of an all-out ground war in gaza. they are very disturbing. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> viol
we're going to tell you what president obama is doing about it right now. plus, a look at the likely consequences of an all-out ground war in gaza. they are very disturbing. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not...
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from president obama to our historic numbers of democratic women. and out of the problems we test and we asked them about everything because you know how this polling goes. i'm thrilled they were thrilled to do one more poll after the election, the candidates they voted against they were really concerned those candidates were going to take us back to the failed policies of the past. they got it. they don't want to roll the clocks back. they want to move forward. and more than being wrong on any issue of debt or health care or taxes, women recognized the total "mad men" gop agenda is what they did not want and they reacted that way. i say the growth will be sustainable in years to come. we have the right agenda and we just need to keep building and talking to our women, our fellow sisters across the country and the men who stand with us because they know that together we can make a great, great difference. and with that, i think about just some of the incredible women who have done so much and we do have a couple of special guests here today and if i
from president obama to our historic numbers of democratic women. and out of the problems we test and we asked them about everything because you know how this polling goes. i'm thrilled they were thrilled to do one more poll after the election, the candidates they voted against they were really concerned those candidates were going to take us back to the failed policies of the past. they got it. they don't want to roll the clocks back. they want to move forward. and more than being wrong on any...
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to express my appreciate to president obama for unequivocal clear sighted support for israel the right to defend itself. >> reporter: days after winning re-election, the president is faced with a widening conflict that has potential to destabilize an already unstable region. so, of course, in the united states and here in the region, everyone is hoping this is over quickly. no one can afford a wider war. >> thank you, christieian for that. >> the israeli military, media office, twitter account, gained 50,000 followers in the past 24 hours. hamas has a facebook page and all playing out on line and on in addition to the violence on the ground. >> hamas threatening israel saying they have opened the gates of hell by assassinating one of their top leaders. all of this began earlier this week. >> we will be back with more right after this. stay with us, everybody. >> announcer: "world news now" continues after this from our abc stations. >>> as we all know we are >>> as we all know, we are becoming a digital nation. it all begins with books. for too many children, books just aren't a big pa
to express my appreciate to president obama for unequivocal clear sighted support for israel the right to defend itself. >> reporter: days after winning re-election, the president is faced with a widening conflict that has potential to destabilize an already unstable region. so, of course, in the united states and here in the region, everyone is hoping this is over quickly. no one can afford a wider war. >> thank you, christieian for that. >> the israeli military, media...